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The Bulletin - 29.09.2018 & 30.09.2018

All the Exam related Current Affairs.

Government constitutes Competition Law Review Committee to review the Competition Act
  • the Government has constituted a Competition Law Review Committee to review the Competition Act.
  • To review the Competition Act/ Rules/ Regulations, in view of changing business environment and bring necessary changes.
  • The Competition Act was passed in the year 2002 and the Competition Commission of India was set up in pursuance of the same.
  • Chairperson of the committee will be Secretary, Ministry of Corporate Affairs.
President of India Inaugurates Mahatma Gandhi International Sanitation Convention in Delhi

 

RBI cracks down on Bandhan Bank for violating norm
  • The Reserve Bank of India (RBI) has cracked the whip on Bandhan Bank freezing the remuneration of its MD and CEO Chandra Shekhar Ghosh for not bringing down promoters’ shareholding in the bank to 40% within three years of operations as mandated by it while granting the bank licence.
  • RBI had also barred the Kolkata-based lender from opening new branches. The bank has to take RBI’s prior approval for opening branches.

Elon Musk to resign as Tesla chairman
  • Tesla Inc and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company's chairman but remain as chief executive, under a settlement that caps a tumultuous two months for the carmaker.
CPSE ETF set to include shares of 11 companies
  • Shares of three central public sector enterprises (CPSEs) — GAIL, Engineers India Ltd (EIL) and Container Corporation — will be removed from the index since the government holding in these companies has fallen below 55%. 
  • These stocks would be replaced by scrips of four new CPSEs, including KIOCL, taking their total number in the ETF to 11.
  • ICICI Securities has been appointed as adviser for the fourth tranche of the ETF.
Infosys, TCS, 3 other IT firms shortlisted to implement RBI’s centralised information and management system (CIMS) for seamless data collection and validations.
  • The vendors are: Capgemini Technology Services India, IBM India, Infosys, Larsen & Toubro Infotech and Tata Consultancy Services.
The name of Telecom Regulatory Authority of India will be changed to Digital Communications Regulatory Authority of India

 

Government sets up Injeti Srinivas High Level Committee on Corporate Social Responsibility.
  • It will review existing CSR framework as per Act, Rules and Circulars issued from time to time and recommend guidelines for better enforcement of CSR provisions.
Lewis Hamilton wins Russian GP

 

Deepika Kumari wins bronze in World Cup finals in Samsun, Turkey.

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